XYZ LIMITED

CASH FLOW STATEMENT PREPARED PURSUANT TO CLAUSE 32 OF LISTING

AGREEMENT FOR THE PERIOD ENDED 31/3/2001
31.03.2002
Rs.
A.

Cash flow from operating activities:

Net (loss)/profit before tax but after exceptional/extraordinary items
Adjustments for:
Depreciation
Interest Expense
Interest Income
Income from Investment - Dividends
Lease Rent - Finance Lease
(Profit)/Loss on Fixed Assets sold
(Profit/Loss on sale of Investments
Miscellaneous Expenditure written off
Deferred revenue expenditure written off
Debts / Advances Written off
Provision for Bad & Doubtful Debts
Liability no longer required written back
Provision for Gratuity & Leave Encashment
Provision for Inventory for obsolete/ damaged stock
Provision for diminution in value of Investments
Provision for Impairment of Fixed assets
Unrealised foreign exchange (gain) /loss
Prior Period Expenses/(Income) (Net)
Provision for warranty
Other Provision
Exceptional/ Extraordinary items Expenses/(Income)
Any other non cash Item
Operating profit before working capital changes

W.Note No.

17
14
16
11
9
13

Adjustments for changes in working capital :

- (INCREASE)/DECREASE in Sundry Debtors
- (INCREASE)/DECREASE in Other Receivables
- (INCREASE)/DECREASE in Inventories
- INCREASE/(DECREASE) in Trade and Other Payables

1
2
3
4

Cash generated from operations

- Taxes (Paid) / Received (Net of TDS)

- Prior Period (Expenses)/Income (Net)
- Extraordinary /exceptional Item (Expense)/ Income
Net cash from operating activities

19

B.

Cash flow from Investing activities:

Adjustments for changes in :
- (INCREASE)/DECREASE in Sundry Debtors
- (INCREASE)/DECREASE in Other Receivables
- INCREASE/(DECREASE) in Trade and Other Payables
- INCREASE/(DECREASE) in Inventories

1
2
4
3

10

Capital Work in Progress

Additions during the period (excludes Exchange Fluctuation
Rs.; 2000-2001 : Rs ...)

12

Proceeds from Sale of fixed assets

Proceeds from Sale of Investments

13

Purchase of investments

Finance Lease Rent Payment (Principal Portion)

11

14
15
16
22

Purchase of fixed assets

Additions during the period (excludes Exchange Fluctuation
capitalised Rs. .; 2000-01 : Rs. .. )

Deposits with bank

Interest Received (Revenue)
Interest Received (Capital)
Dividend Received
Amount Paid on Acquisition
Any other item
Net cash used in investing activities

C.

Cash flow from financing activities:

Proceeds form fresh issue of Share Capital (including Share Premium )
Proceeds from long term borrowings

RECEIPTS (excludes Exchange Fluctuation of Rs. ..

2000-2001 : Rs. on re-statement of foreign currency loans)
PAYMENTS
Proceeds from short term borrowings
RECEIPTS
PAYMENTS (including exchange fluctuation actually paid,
which is not capitalised)
Proceeds from fixed deposits (NET)

Proceeds from Cash Credits (NET)

Finance Lease Rent (Interest Part only)

Interest Paid
Interest Paid - Capitalised
Dividend Paid
Dividend Tax Paid

Net cash used in financing activities

11
17
18
20
21

Net Increase/(Decrease) in Cash & Cash Equivalents

Cash and cash equivalents as at 31.03.2001

Cash and Cash Equivalents Acquired on Acquisition

Cash and cash equivalents as at 31.03.2002

Cash and cash equivalents comprise

Cash, Cheques & Drafts (in hand) and Remittances
in transit
Savings account with Post Office
Balance with Scheduled Banks

Notes :
1 The above Cash flow statement has been prepared under the indirect method setout in AS-3 issued by the Institute of
Chartered Accountants of India.
2 Figures in brackets indicate cash outgo.
3 Previous period figures have been regrouped and recast wherever necessary to conform to the current period classification.
4 Following non cash transactions have not been considered in the cash flow statement.
- Tax deducted at source (on income)
- Assets acquired on credit / lease / hire purchase
- Others
5 Cash and cash equivalents includes Rs.
which are not available for use by the Company.
(Refer schedule
in the accounts)
AUDITORS' CERTIFICATE
(This Certificate is to be given if the Company is a listed Company. In case of any other enterprise (not only Companies,
whose turnover exceeds Rs. 50 Crore, this Certificate is not Required as in that case it is mandatory to prepare Cash Flow
and it will form the part of Financial Statements)
The above Cash Flow Statement has been compiled from and is based on the audited accounts of XYZ Limited for
the period ended 31.03.2002 reported upon by us on. According to the information & explanations given, the aforesaid Cash Flow
Statement has been prepared pursuant to clause 32 of the listing agreement(s) with the stock exchange(s) and the reallocations
required for the purpose are as made by the Company.

Place :
Date :

Remarks

Adjustment for non cash expenses/income, expenses/income relating to

investing and finance activities and exceptional/extraordinary items as
appearing in P/L account

Loss should be disclosed as negative

Expenses as positive
Income as negative

See Working

Specify the nature

See Workings
See Workings
See Workings
See Workings

See Workings

See Workings - Relates to Preoperative Period

See Workings - Relates to Preoperative Period
See Workings - Relates to Preoperative Period
See Workings - Relates to Preoperative Period

Forex fluctuation to be excluded should only be to

the extent of unrealised/unpaid
portion)
Addition - Negative

See Workings

See Workings
Deposits with bank/s can be investment activities when they are not for
short period say 3-4 months and are not readily convertible in the
market. If the deposits are other than above then they should form part
of Cash and Cash Equivalent
See Workings
See Workings
See Workings
See Workings
Specify the nature of the item disclosed other than above

Forex fluctuation to be excluded should only be to

the extent of unrealised/unpaid
portion)

Fixed deposits here mean Public deposits and it is net of the amount paid back
Net of amount paid back
See Workings
See Workings
See Workings
See Workings
See Workings

Workings for Cash Flow Statement

S.No
1

31/3/2002

31/3/2001

Diff

Changes in Sundry Debtors

Balance as per Balance Sheet -related to Revenue Item
Less: Foreign exchange Fluctuation gain/(loss)
Add: Provision for Doubtful Debts
Add: Bad Debts written off
Final Balance related to revenue item

###
###
###
###
-

Balance as per Balance Sheet -related to Capital Item

Less: Foreign exchange Fluctuation gain/(loss)
Add: Provision for Doubtful Debts
Add: Bad Debts written off
Final Balance related to Capital item

###
###
###
###
-

Total

Balance as per Balance Sheet -related to Revenue Item

Less: Receivable against Sale of Fixed Assets
Less: Capital Advance
Less: Interest Receivable
Less: Dividend Receivable
Less: Advance Tax
Less: Foreign exchange Fluctuation gain/(loss)
Add: Provision for Doubtful Advances and Other Receivables
Add: Bad advances/ receivable written off
Final Balance related to revenue item

###
###
###
###
###
###
###
###
###
-

Balance as per Balance Sheet -related to Capital Item

Less: Foreign exchange Fluctuation gain/(loss)

###
###

Changes in Other Receivables

Less: Interest Receivable

Add: Provision for Doubtful Advances and Other Receivables
Add: Bad advances/ receivable written off
Final Balance related to Capital Item

###
###
###
-

Total

Note 1: Other than Deferred Tax Asset

Changes in Inventory
Relating to revenue activities- as per Balance Sheet
Add: Provision for Obsolete/ damaged Inventory
Final Balance related to revenue item

###
###
-

Relating to capital activities- as per Balance Sheet

Add: Provision for Obsolete/ damaged Inventory
Final Balance related to Capital Item

###
###
-

Relating to revenue activities (as per Balance Sheet)

Less: Creditors Related to Fixed Assets
Less: Creditors Related to CWIP
Less: Exchange Fluctuation (gain)/ Loss
Less: Interest Payable
Less: Dividend Payable
Add: Liabilities Written Back

###
###
###
###
###
###
###

Final Balance related to revenue item

Relating to capital activities (related to Preoperative activities)

Less: Exchange Fluctuation (gain)/ Loss
(Including Amount Payable under Finance Lease)

###
###
-

Total

Changes in Trade and other payables (excluding provisions)

Note 1: Other than Deferred Tax Liabilities

Provision for Warranty

###

Other Provision

###

Unrealised forex (Gain)/Loss ( on Revenue Activity)

Opening Balance of Unrealised (Gain)/ Loss
-Debtors and Other Receivables
-Creditors/ Other Payables
- Any other Item (Specify the nature)
Total Opening
Less: Closing Unrealised forex (Gain)/ Loss
-Debtors and Other Receivables
-Creditors/ Other Payables
- Any other Item (Specify the nature)

Net Unrealised (Gain)/ Loss

Provision for Gratuity and Leave Encashment

Opening Balance
- Gratuity
- LeaveEncashment
Less: Closing Balance (as per Actuarial Certificate)
- Gratuity
- LeaveEncashment
Provision Charged to P& L Account

Sale of Fixed Assets

Gross Book Value of Assets Sold (as per FA Schedule)
Less: Accumulated Dep written back (from FA Schedule)
NBV of Assets Sold
Profit/(loss) on sale of FA (Should Match with P&L)
Receipt from sale of Fixed Assets
Add: Opening receivable against Sale of Fixed assets

31/3/2002
-

Less: Closing receivable against Sale of Fixed Assets

Net Cash Received

10 Purchase of Fixed Assets

Total Additions as per Fixed Assets Schedule
Add: Forex fluctuation paid during the year (Capitalised in earlier years)
Less: Foreign Exchange Fluctuation (Year end)
Less : Assets acquired on Finance Lease
Net Purchase during the year
Add: Opening Creditors
Add: Closing Capital Advance
Less: Closing Creditors
Less: Opening Capital Advance
Net Cash Paid for Purchase of FA

11 Finance Lease Rent Paid

Lease Rent Paid
Less: Capital Part of Lease Rent
(shown under Investment activities)
Revenue (Interest Part of Lease Rent Payment)
(shown under Financing activities)

12 Capital Work in Progress

Opening CWIP
Less: Opening Creditors Related to CWIP
Add: Closing Creditors related to CWIP
Less: Closing CWIP
(Addition)/ Deletion during the year
Add: Adjustments
Depreciation (During Construction Period)
Foreign Exchange Fluctuation paid during the year, capitalised in earlier yrs
Loss/ (Gain) on sale of CWIP
Other (specify nature)
Less: Forex fluctuation (year end balance)

(Addition)/ Deletion during the year

13 Amount Realised by Sale of Investments

Gross Value of Investment Sold
Add: Profit/ (Loss) on sale of Investment (Should Match with P&L)
(in case of Loss put it as negative figure)
Receipt from sale of Investments

14 Interest Received (Revenue)

Interest Receivable (Opn. Bal) (net of TDS)
Add: Interest Income for the Year
Less: Tax deducted at source
Less: Interest Receivable (Closing Balance)(net of TDS)
Interest received during the period

15 Interest Received (Cap)

Interest Receivable (Opn. Bal) (net of TDS)
Add: Interest Income for the Year
Less: Tax deducted at source
Less: Interest Receivable (Closing Balance)(net of TDS)
Interest received during the period

16 Dividend Received
Dividend Receivable (Opn. Bal)
Add: Dividend Income for the Year
Less: Dividend Receivable (Closing Balance)
Less: TDS deducted on dividend revenue during the period
Dividend received during the period

17 Interest Paid (Revenue)

Interest Payable (Opn. Bal)
- Accrued and due
- Accrued but not due
- Other interest payable

Add: Interest Expense for the Year

Less: Interest Write Back (if shown as other income)
Less: Interest Payable ( Closing Balance)
- Accrued and due
- Accrued but not due
- Other interest payable

Interest paid during the period

18 Interest Paid (Capitalised)

Interest Payable (Opn. Bal)
Add: Interest Expense for the Year (capitalised)
Less: Interest Payable ( Closing Balance)
Interest paid during the period

19 Tax (Paid) / Received)

Opening Balance of Prov for Tax ( Gross)
Add: Current tax expense charged to P&L
Less: Tax provision of earlier years written back
Less: Closing balance of TDS Receivable on Income ( Interest/Dividend/Se
Less: Closing Balance of Prov forTax (Gross)
Add: Closing Balance of Advance Tax (Gross)
Less: Opening Balance of Advance Tax ( Gross)
(Tax Paid)/ Refund Received

Note1 : Deferred Tax Assets and Deferred Tax Liabilities should not be considered for above

20 Dividend Paid
Proposed Dividend (Opn. Bal)
Add: Dividend Payable (Opn Bal)
Add: Interim dividend declared during the year
Less: Dividend Payable (Closing Balance)
Dividend paid during the period

21 Dividend Tax Paid

Dividend Tax Payable (Opn. Bal)
Add: Dividend Tax for the Year

Less: Dividend Tax Payable (Closing Balance)

Dividend Tax paid during the period

22 Amount Paid on Acquisition of another Business

Assets Acquired
Goodwill
Fixed Assets
Current assets (excluding Cash and Cash Equivalent)

Less: Liabilities Taken

Loan
Current Liabilities

Net Amount Paid

Inventory related to capital activity can be the

inventory lying with the company who has not started
its Commercial Production.

Adjust it for the unusual Item